Advisory Memorandum 2-08: SBA’s Federal Agencies’ Centralized Trial Balance System (FACTS) Data
Date Issued: Monday, March 4, 2002
Report Number: 2-08

On March 4, 2002, the OIG issued Advisory Memorandum 2-08, SBA’s Federal Agencies’ Centralized Trial Balance System (FACTS) Data.  Using agreed-upon procedures, an Independent Public Accountant (IPA) submitted this report for verification of SBA’s Federal Agencies’ Centralized Trial Balance System (FACTS) data.  They noted findings related to a difference in reported amounts between SBA’s FACTS data and its audited financial statements for two accounts, two line items, and the Account Groupings Worksheet (AGW) FACTS NOTES.  Additionally, several line items on the AGW Statement of Changes in Net Position did not foot due to cell reference errors.